In a newly published book- "An oral account of Shanghai-the real projects" , Mr. Shi Li’an, the former Commander in Chief of Shanghai Metro Construction Headquarters, recalled some interior information about the policy of metro construction at that time. He said, the State Planning Commission had never approved any projects valuated in US dollars before, so Shanghai Metro was the first one. Two elements of this project were considered: 1. metro construction should use foreign capitals in a large amount; 2. the price for metro construction might go up. But in using the government loans of foreign countries, we suggested to make a comparison between them and select the best, and the international competitive mechanism should be introduced in. This was the lesson we learnt from "putting all the eggs in one basket" . Finally, we adopted the current international net present value evaluation, namely to make a comprehensive assessment of all the foreign bidding schemes. We made 5 grades (A-B-C-D-E) for systematic engineering, capital condition, technical scheme, equipment price correspondingly, and Germany was chosen. By introducing in this competitive mechanism, the price for vehicles and equipment greatly dropped down.
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